Sumeet Bagadia recommends South Indian Bank, Inox Wind, Paisalo Digital as buy under ₹100

On the same day, benchmark indices showed mixed movement. The BSE Sensex declined 0.16% to close at 74,781.76 after swinging between intraday high and low of 74,160.16 and 74,781.76. The NSE Nifty ended 0.34% lower at 23,398.10, having touched a session low of 23,231.40 before recovering from lower levels.

Bagadia noted that the Nifty 50 is likely to trade in a sideways range between 23,250 and 23,600 in the near term, with 23,250–23,300 acting as immediate support and 23,500–23,600 as resistance. A sustained move above 23,600 could support further recovery, while a decisive break below 23,250 may renew selling pressure.

For Bank Nifty, he identified 55,700–56,000 as the key support zone and 56,900–57,000 as immediate resistance. Holding above 56,000 could sustain the recovery, whereas a break below 55,700 may trigger renewed selling. The index settled at 56,606.55, gaining 0.24% on the day.

Sector-wise, Nifty IT Services, Private Bank, and Media were key gainers, while Realty, Metal, and Chemical lagged. Auto and Oil & Gas also remained under pressure. The India VIX rose 4.15% to 12.28, indicating heightened volatility.

The recommendations are provided for educational purposes only. Investors are advised to consult certified financial advisors before making any investment decisions.